Brokerages Set Quad Graphics, Inc (NYSE:QUAD) Target Price at $12.00

Shares of Quad Graphics, Inc (NYSE:QUAD) have received an average rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.00.

Several brokerages have issued reports on QUAD. Benchmark lifted their target price on shares of Quad Graphics from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Zacks Research upgraded shares of Quad Graphics from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Rosenblatt Securities raised their price target on shares of Quad Graphics from $9.80 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a research report on Friday, July 24th.

Quad Graphics Stock Performance

NYSE QUAD opened at $9.91 on Monday. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.87 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $8.62 and its 200-day simple moving average is $7.55. The company has a market cap of $510.23 million, a PE ratio of 15.74 and a beta of 1.11. Quad Graphics has a 1-year low of $5.12 and a 1-year high of $11.15.

Quad Graphics (NYSE:QUAD) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Quad Graphics had a return on equity of 47.90% and a net margin of 1.31%.The firm had revenue of $577.50 million during the quarter, compared to analysts’ expectations of $545.15 million. As a group, equities research analysts anticipate that Quad Graphics will post 1.27 EPS for the current fiscal year.

Quad Graphics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 17th will be issued a $0.10 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 4.0%. Quad Graphics’s dividend payout ratio is presently 63.49%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co purchased a new position in Quad Graphics during the fourth quarter worth approximately $26,000. State of Alaska Department of Revenue acquired a new stake in shares of Quad Graphics in the 4th quarter worth $29,000. BNP Paribas Financial Markets increased its stake in shares of Quad Graphics by 113.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock worth $36,000 after acquiring an additional 3,019 shares during the last quarter. Stokes Family Office LLC purchased a new position in shares of Quad Graphics during the 4th quarter worth $68,000. Finally, DGS Capital Management LLC purchased a new position in shares of Quad Graphics during the 1st quarter worth $71,000. 39.52% of the stock is currently owned by institutional investors and hedge funds.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.